151
151
Nov 2, 2012
11/12
by
CNBC
tv
eye 151
favorite 0
quote 0
and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the e-trade 360 investing dashboard. >>> welcome back to "squawk b " box." we're two hours away from the release of the jobs report for october.
and putting a price on sandy. we'll talk to a long time insurance executive to get perspective on how the industry will handle all the damages and how you can even start to tally up the cost of all of this. right now as we head to a break, take a look at yesterday's winners and losers. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million...
89
89
Aug 28, 2017
08/17
by
CNBC
tv
eye 89
favorite 0
quote 0
did talk about that a little bit with senator ted cruz who notably vo notably voted a supplemental sandy bill swept throu i asked him when he sees the scope of the damage in texas, he thinks differently about that vote whether he would have voted differently. here's his answer. >> no, of course not as i said at the time, hurricane funding is a very important federal responsibility and i would have eagerly supported funding for that, but i didn't think it was appropriate to engage in pork barrel spending where two-thirds of that spending was unrelated spending that had nothing to do with sandy but was politicians wasting money. >> he also had a message for businesses he said it's time for pony up w they can can't get into work and help facilitate employees with how they compensate for shut down of two, three, four, who knows how many days here brian, joe, melissa, it's a hard task when you're getting people rescued and figure what is to come in the days and weeks ahead. >> contessa, thank you very much contessa brewer in houston >>> let's look at some of the industries at risk from hurric
did talk about that a little bit with senator ted cruz who notably vo notably voted a supplemental sandy bill swept throu i asked him when he sees the scope of the damage in texas, he thinks differently about that vote whether he would have voted differently. here's his answer. >> no, of course not as i said at the time, hurricane funding is a very important federal responsibility and i would have eagerly supported funding for that, but i didn't think it was appropriate to engage in pork...
114
114
Aug 23, 2016
08/16
by
CNBC
tv
eye 114
favorite 0
quote 0
do you report to sandy? >> yes. i think that's one of the reasons i feel really held back i don't get full control under things that fall under marketing. you don't want to make the changes that will positively effect the way we do things. >> it's not that simple. >> it is. >> it's not that simple. >> just the way things are brought up and shot down is really frustrating. >> don't miss the season premier of the profit. that's tonight on cnbc. 10 eastern and pacific time. >> one of my favorite shows on prime. >> it is very good and looks like very dramatic for the season. >> yes. >> when we come back the must reads. as we head to break, check out how european stocks are trading at this hour. green on the screen despite the fact energy shares are under pressure. see if we can continue to the wall street open with the german dax up 1%. stay tuned. you're watching cnbc, first in business worldwide. >>> welcome back to "world wide exchange." if you're just waking up or listening on your wake way to work on series xm radi
do you report to sandy? >> yes. i think that's one of the reasons i feel really held back i don't get full control under things that fall under marketing. you don't want to make the changes that will positively effect the way we do things. >> it's not that simple. >> it is. >> it's not that simple. >> just the way things are brought up and shot down is really frustrating. >> don't miss the season premier of the profit. that's tonight on cnbc. 10 eastern and...
170
170
Sep 10, 2013
09/13
by
CNBC
tv
eye 170
favorite 0
quote 0
sandy, you've been there. dow component. in and out of the dow, you know what happens when stocks move in. they don't consult you on it. but is it a big deal to be part of the dow? >> i think it is. it's great pr. you're known everywhere, you talked about all the time because it's an average of 30 not 500. >> it's why we talked about alcoa even though no one thinks alcoa. >> visa and goldman are well in the hundreds too. they have some big daily moves. nike, i guess nike has split recently because it's down in the 60s. but if you like markets that go higher, don't you feel better about these stocks than the old ones? who wants to have hewlett-packard in the dow? >> i don't think that's the way they look at it. maybe -- >> they don't. they want it to represent the current economy. >> and bank of america also jpmorgan. that sort of balances that out. >> there are people who think they've put in stocks -- they put in stocks that have good prospects. >> the indices go up. >> is alcoa ever going up again? is hewlett-packard? that
sandy, you've been there. dow component. in and out of the dow, you know what happens when stocks move in. they don't consult you on it. but is it a big deal to be part of the dow? >> i think it is. it's great pr. you're known everywhere, you talked about all the time because it's an average of 30 not 500. >> it's why we talked about alcoa even though no one thinks alcoa. >> visa and goldman are well in the hundreds too. they have some big daily moves. nike, i guess nike has...
0
0.0
Sep 30, 2022
09/22
by
CNBC
tv
eye 0
favorite 0
quote 0
sandy gosisman and long time berkshire shareholder died at the age of 96. gottesman was an early investor holding a 1% stake and serving on the board since 2003. in a statement, first manhattan said sandy was known for integrity and curiosity and philanthropy his ability to mentor those around him to professional and personal excellence. sandy and his wife ruth were generous giving $25 million to the college of medicine. buffett was a partner in business for 56 years. he and charlie munger. >> so many great stories. >> buffett said 56 years of partnership. he and charlie and sandy never had a disagreement it is hard to think of any relationships that go on for that long without disagreements. >> remarkable history. you really go back to 1963 they meet and he makes the purchase with them >> diversified retailing they were retail they owned retailer in baltimore p that was a huge disaster >> sandy was a true believer in warren he knew it he knew it they talked about it all the time >> our thoughts are with his family and friends today "squawk box" wilbeig bk.
sandy gosisman and long time berkshire shareholder died at the age of 96. gottesman was an early investor holding a 1% stake and serving on the board since 2003. in a statement, first manhattan said sandy was known for integrity and curiosity and philanthropy his ability to mentor those around him to professional and personal excellence. sandy and his wife ruth were generous giving $25 million to the college of medicine. buffett was a partner in business for 56 years. he and charlie munger....
51
51
Jul 5, 2018
07/18
by
CNBC
tv
eye 51
favorite 0
quote 0
. >> we have to go i have a challenge san sandy, you and sandy two good golfers, versus dom and me, a good golfer and a terrible golfer what do you think? >> depends on the match. a lot of times one good golfer will do better >> we'll work it out certain drives being used. we'll figure it out. >> why are you foisting that on me >> i like to foist things. >> don't foist him on me >> still ahead on "worldwide exchange," a start startling s&t and can the fed manage this hot economy? a lot to do. >>> fed minutes are out today. let's bring in john silvia what's the number one and number two things you want to see from the fed minutes today? >> are they going to talk about trade and tariffs, and to what extent are they focused on the market itself? you hinted at it earlier in terms of the overall growth of the economy seems to be the dominant story >> what do you think do you think they'll mention trade? are they just whispering about it do you think they'll write about it >> i think they'll mention it and say it creates uncertainty in terms of policy going forward. >> do you think it chang
. >> we have to go i have a challenge san sandy, you and sandy two good golfers, versus dom and me, a good golfer and a terrible golfer what do you think? >> depends on the match. a lot of times one good golfer will do better >> we'll work it out certain drives being used. we'll figure it out. >> why are you foisting that on me >> i like to foist things. >> don't foist him on me >> still ahead on "worldwide exchange," a start startling s&t...
340
340
Nov 5, 2012
11/12
by
CNBC
tv
eye 340
favorite 0
quote 1
we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's get a quick check on the markets, ahead, 24 hours away from the elections here dow jones looks like it would open 34 points lower, s&p 500 off a little over four points and the nasdaq would be off about ten points. let's take a trip overseas to see what's going on in asia, a little bit down marginally except for korea. let's go over to europe, see how things are faring, red arrow across the board. almost down a percent in the cac in france. >>> stifel financial is buying kbw, the deal is valued in ex-et of $575 million which i
we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's...
274
274
Jan 15, 2013
01/13
by
CNBC
tv
eye 274
favorite 0
quote 0
even if it's not sandy. we've waited nine weeks, i mean we're at the point now where if we don't get this funding package passed we're not going to be open for business by memorial day and the shore is going to suffer. so we didn't have -- nobody complained about these things when we were dealing with katrina, which was two weeks after the storm that the funding package passed. and i just think it's very unfair to our area that, you know, this debate continues, and everything continues to be delayed. >> well, we're certainly in favor of helping the people who are really in need. but i think this is another example of why the congress has lost respect of the american people. it's business as usual, ladle everything into a bill that has fundamental merit, and i think a lot of americans are very, very disgusted with that whole way of doing business. >> here's the "journal" piece, nearly $17 billion is in the bill for the community development fund and social service grants, two long-running initiatives to fund
even if it's not sandy. we've waited nine weeks, i mean we're at the point now where if we don't get this funding package passed we're not going to be open for business by memorial day and the shore is going to suffer. so we didn't have -- nobody complained about these things when we were dealing with katrina, which was two weeks after the storm that the funding package passed. and i just think it's very unfair to our area that, you know, this debate continues, and everything continues to be...
291
291
Dec 6, 2012
12/12
by
CNBC
tv
eye 291
favorite 0
quote 0
as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this number is going to tell us nothing tomorrow? > know there's going to be a lot of discussion about it. i'll stick to my guns, it's a 125 to 150 economy growth some of that could be sandy. i don't donknow if you want to k about that chart. this looks at the net effect acceptable. if 30% say it's acceptable and 20% say -- these are what we asked people. how many is that? that's five of eight different solutions. >> people say, yes, we're okay dealing with the fiscal cliff, if you raise taxes on those who make more than $250,000 and then you cap deductions, and virtually everything else is off the table. >>
as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this...
210
210
Oct 30, 2012
10/12
by
CNBC
tv
eye 210
favorite 0
quote 0
sandy still packing a punch. more than 7 million people currently without power from north carolina through connecticut. there are more than 2 million people in new jersey alone without power today. we'll get an update on the you power situation in new jersey with the president of pse&g, they have 1.2 million customers without pow person by the way, the president is just declaring a state of emergency in new york city. this is something that will free up more federal funds for people here in long island and in new york city and we will have more on that in just a moment. also coming up in the next half hour, we have delaware governor jack markell. we'll get his assessment of the damage to his state and dennis gartman will talk energy and commodity trading. >> lots of damage to report in the new york city area, more than 50 homes were destroyed by fire last night in breezy point queens. just east of cone any islands, more than 170 firefighters were on the scene. and separately more than 200 patients were evacuated
sandy still packing a punch. more than 7 million people currently without power from north carolina through connecticut. there are more than 2 million people in new jersey alone without power today. we'll get an update on the you power situation in new jersey with the president of pse&g, they have 1.2 million customers without pow person by the way, the president is just declaring a state of emergency in new york city. this is something that will free up more federal funds for people here...
303
303
Apr 29, 2013
04/13
by
CNBC
tv
eye 303
favorite 0
quote 0
cape may, little damage done by sandy. with the summer season upcoming, the the state plans to launch an ad campaign to convince visitors the shore is open and ready for business. >> thank you for that report. coming up, serving up an economic recovery. the state of the consumer. food for thought from mario battelly is ahead. the act of soaring across an ocean in a three-hundred-ton rocket doesn't raise as much as an eyebrow for these veterans of the sky. however, seeing this little beauty over international waters is enough to bring a traveler to tears. we're putting the wonder back into air travel, one innovation at a time. the new american is arriving. oh, boy. [ groans ] ♪ ♪ [ engine revs ] ♪ [ engine revs ] a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated su
cape may, little damage done by sandy. with the summer season upcoming, the the state plans to launch an ad campaign to convince visitors the shore is open and ready for business. >> thank you for that report. coming up, serving up an economic recovery. the state of the consumer. food for thought from mario battelly is ahead. the act of soaring across an ocean in a three-hundred-ton rocket doesn't raise as much as an eyebrow for these veterans of the sky. however, seeing this little...
205
205
Feb 18, 2021
02/21
by
CNBC
tv
eye 205
favorite 0
quote 1
it shows you a lot of the weaknesses in the system, and it reminded me a lot of sandy, hurricane sandy where on the east coast people were without it for about a week. we rely on these subpoenas we think they're always going to be there, but it takes a strange event to show you the biggest weaknesses and where you're not prepared. >> if you had a generac, it's natural gas, so i guess those are running down there those are running. >> assuming you're getting natural gas. >> right >> exactly >> right folks, let's tell you about the other big story on today's agenda that's the congressional hearing into the reddit saga yesterday on closing bell with a blunt statement on the risks to the markets. >> we have come dangerously close to the collapse of the entire system, and the public seems to be completely unaware of it, including congress and the regulators. >> leslie picker joins us right now with a look at what to expect, and leslie, it's a little surprising to hear that from tom at peterffy, because he is not given to hyperbole. >> and he's someone in a position to know and if you look a
it shows you a lot of the weaknesses in the system, and it reminded me a lot of sandy, hurricane sandy where on the east coast people were without it for about a week. we rely on these subpoenas we think they're always going to be there, but it takes a strange event to show you the biggest weaknesses and where you're not prepared. >> if you had a generac, it's natural gas, so i guess those are running down there those are running. >> assuming you're getting natural gas. >>...
0
0.0
Sep 8, 2023
09/23
by
CNBC
tv
eye 0
favorite 0
quote 0
we want to bring in sandy, chief client officer at aspirnt, and sandy, what are you thinking? it's been a rough start to september. is this a surprise to you? >> it has, becky, nice to be here. the last time you and i spoke was january. we were worried that growth in the economy would be poor, then we'd be facing recession, so after a cushy summer and highs in the equity markets, we are cautious about what happens as we head into september, but also, you know, balancing optimism and pessimism. our clients are corporate executives, family business owners and entrepreneurs, and they're asking us one of two questions. one set of clients is asking, hey, equity markets have been so strong, maybe we should be pulling back on risk at this point, and what about cash? let's have some large cash positions given the attractive yields there. other set of clients are saying, hey, looks like we're looking at a soft landing, let's pour into risk. and in both cases, we're answering with the same answer, which is, we think it's important to stay invested, to pay attention to prices. we're a va
we want to bring in sandy, chief client officer at aspirnt, and sandy, what are you thinking? it's been a rough start to september. is this a surprise to you? >> it has, becky, nice to be here. the last time you and i spoke was january. we were worried that growth in the economy would be poor, then we'd be facing recession, so after a cushy summer and highs in the equity markets, we are cautious about what happens as we head into september, but also, you know, balancing optimism and...
214
214
Dec 17, 2012
12/12
by
CNBC
tv
eye 214
favorite 0
quote 0
they haven't addressed the aid for sandy. it's now been six weeks after sandy and nothing has been done on that front. >> the gears move slowly, but the aide for andy will pass. it's just a question of when they get it done. and, of course, because that involves additional spending, that factors into the debt limit in the fiscal cliff negotiations, as well. >> john, do you know what is available to the president administratively, not legislatively in terms of gun regulation? >> first of all, all the issues related to enforcement of existing laws. >> what mayor bloomberg said is it was illegal weapons at that point that he was talking about. >> 77,000 for seven lives of something. would the gun lobby argue for astringent background checks for mental illness? >> probably. it depends on how it's framed and how it's enforced. but, you know, they've taken a pretty doctrine-aire view towards opposing anything under the nose under the camel's tent. feinstein is now going to reintroduce that bill. she passed it in the clinton adminis
they haven't addressed the aid for sandy. it's now been six weeks after sandy and nothing has been done on that front. >> the gears move slowly, but the aide for andy will pass. it's just a question of when they get it done. and, of course, because that involves additional spending, that factors into the debt limit in the fiscal cliff negotiations, as well. >> john, do you know what is available to the president administratively, not legislatively in terms of gun regulation?...
117
117
Oct 3, 2017
10/17
by
CNBC
tv
eye 117
favorite 0
quote 0
to do that i don't think congress will move on it at all congress did not move on gun control after sandy hook, and we saw all those children murdered. congress didn't move after a democratic congresswoman was was shot and congress didn't move after a republican congressman was shot so i don't think they'll move after this one the politics of this are set in stone, unless something major changes in american politics, i don't see gun control moving in a republican congress any time soon >> eamon javers, thank you very much >>> wells fargo's ceo, tim sloan, heads to capitol hill this morning to face the senate banking committee. he will be pressed on the handling of the massive fake account standal. sloan will tell lawmakers the company recognized too late the full scope and seriousness of the problems in the community bank but that wells fargo is a better bank today than a year ago. sloan's testimony comes about a year after his predecessor john stumpf's hearings, which played a big part in his resignation. bf wells fargo shares have been quiet. not performing quite as well as jpmorgan whi
to do that i don't think congress will move on it at all congress did not move on gun control after sandy hook, and we saw all those children murdered. congress didn't move after a democratic congresswoman was was shot and congress didn't move after a republican congressman was shot so i don't think they'll move after this one the politics of this are set in stone, unless something major changes in american politics, i don't see gun control moving in a republican congress any time soon >>...
256
256
Oct 25, 2012
10/12
by
CNBC
tv
eye 256
favorite 0
quote 0
sandy is impacting cuba right now. sustained winds at 105 miles an hour. so it's a category 2 hurricane moving to the north at 18 miles an hour. it made its landfall here second landfall actually in cuba late into the overnight showers. and you can see it has weakened a bit. those deeper purples is indicating where we have some of the stronger winds as well as the intense rain. those have disappeared a bit. so there was a slight weakening, but as it emerges back over the open waters, we could be talking about a strengthening here. it's a rather large system. look at the clouds stretching all the way now even into south florida. so we'll watch these areas pick up in the rain and wind department. for today through the early weekend, effects will be felt here along the coast of florida with gusty winds and rain, waves will be penning up, and certainly the rip current risk will be high heading into the waters will not be recommended. so the projected path of sandy has we head through time, maintaining that category 2 status and then maybe weakening over the ba
sandy is impacting cuba right now. sustained winds at 105 miles an hour. so it's a category 2 hurricane moving to the north at 18 miles an hour. it made its landfall here second landfall actually in cuba late into the overnight showers. and you can see it has weakened a bit. those deeper purples is indicating where we have some of the stronger winds as well as the intense rain. those have disappeared a bit. so there was a slight weakening, but as it emerges back over the open waters, we could...
279
279
Dec 7, 2012
12/12
by
CNBC
tv
eye 279
favorite 0
quote 0
now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation rate, down 0.2 to 63.6%. how did we get to 7.7% unemployment? basically the number of unemployed persons dropped more than the number of employed and there were downward trends in both those categories. lots to chew on. back to you guys. >> hampton, thank you. we are kind of scratching our heads. let's get more reaction from our panel. mark zandi and jared bernstein are here with us. mark, what do you make of this number? we've set this up as numbers were not going to be things we watched closely because of sandy. >> i'd say two things
now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation...
289
289
Jul 27, 2012
07/12
by
CNBC
tv
eye 289
favorite 0
quote 0
>> i agree with sandy on that. i think dodd-frank had little to do with, if dodd-frank was in effect, the crisis still would have occurred, and it won't keep the next crisis from happening. there are so many things in there that have nothing to do with the crisis, and in fact, you know, the really crazy thing about dodd-frank is, let's face it, this crisis was caused by about a half a dozen investment banks and about two dozen s&ls. there's only one commercial bank that was involved in perpetrating this crisis, and yet 8,000 commercial banks are being reregulated for doing nothing wrong, and what we need to do is clean up the investment banking side of things and get the excessive proprietary trading and investments out of investment banks. there are no investment banks left. there's just boutiques and morgan stanley and goldman are basically banks today. so again we have three categories, hedge funds, which are unregulated, never be 30 times leverage because no one will lend to them at that level so that's mostly
>> i agree with sandy on that. i think dodd-frank had little to do with, if dodd-frank was in effect, the crisis still would have occurred, and it won't keep the next crisis from happening. there are so many things in there that have nothing to do with the crisis, and in fact, you know, the really crazy thing about dodd-frank is, let's face it, this crisis was caused by about a half a dozen investment banks and about two dozen s&ls. there's only one commercial bank that was involved...
242
242
Jul 26, 2012
07/12
by
CNBC
tv
eye 242
favorite 0
quote 0
i totally agree with sandy. in fact his icba membership card is in the mail going to him as we speak. but, what his point was, is that the banks the banking system will not return to the stature it was until we get government intrusion out and the only way to do that is to separate the highest risk portion of the financial services sector from the commercial sector. >> does that mean we'll see a bold executive or bold bank decide to be the first mover? how does this happen? >> i think it will evolve. you could see it happen that way. congress and the regulators could pressure that type of reaction. in other words as the volcker rules, as more and more rules pile on it could for the ceos to take this action whether they wanted to or not. >> cam, steve liesman here, isn't dodd-frank for all the complaints about it designed to do just that, it makes it more expensive to be a big bank, it piles on more regulations, so i know you're a huge free market supporter but my question to you is sort of along the same lines,
i totally agree with sandy. in fact his icba membership card is in the mail going to him as we speak. but, what his point was, is that the banks the banking system will not return to the stature it was until we get government intrusion out and the only way to do that is to separate the highest risk portion of the financial services sector from the commercial sector. >> does that mean we'll see a bold executive or bold bank decide to be the first mover? how does this happen? >> i...
291
291
Nov 13, 2012
11/12
by
CNBC
tv
eye 291
favorite 0
quote 1
this is a company that's now past the sandy cliff and is going to start benefiting from it. i find cliffs everywhere. and this is a good company that did great. >> i want to hear from you on jcpenney, cramer. he's very good. i thought, you know what? if he's got enough time, maybe it works. i don't know as you're bleeding. >> you have to look at it on a consolidated basis. 89% of it is hideous and terrible. 11% as we learned from andrew ross sorkin today is terrific. if you look at consolidated, it means it's fabulous, doesn't it? >> could it be? >> remember at our conference last summer? july, i had ackman on a panel. articulate. gave a real case. was totally behind mr. johnson and his strategy and the stock soared from there over the next couple of months only to collapse over the last few weeks. i don't know. i preferred andrew's piece. 11% versus 89%. what do they have left in cash? a billion dollars? >> about half a billion right now. may go up after the holidays. >> george mcgovern was really behind -- he was behind him 1,000%. i'm sure that ackman is behind johnson 1,
this is a company that's now past the sandy cliff and is going to start benefiting from it. i find cliffs everywhere. and this is a good company that did great. >> i want to hear from you on jcpenney, cramer. he's very good. i thought, you know what? if he's got enough time, maybe it works. i don't know as you're bleeding. >> you have to look at it on a consolidated basis. 89% of it is hideous and terrible. 11% as we learned from andrew ross sorkin today is terrific. if you look at...
263
263
Nov 29, 2012
11/12
by
CNBC
tv
eye 263
favorite 0
quote 0
. >> tom, right after sandy, a couple weeks ago or three weeks eeg y ago you were talking about sandy being twice the size of katrina but the wind speeds weren't as much and it wasn't going to affect all state. did you see christie and cuomo? are those real numbers? is that what they'd like to see from the feds or is it worse than what you thought on november 1st? itz's worse than what we thought out. it will cost us 1 billion 75 doll lars. it is a significant event. it's significant flooding. that's not typically konked by us but by the government if you buy their policy. unfortunately very few people buy coverage. so unfort flatly there's a bunch of people whose homes got wrecked and that's what cuomo and christie are seeking. our government has a hit of going back to the state and saying, sorry you didn't buy insurance, here's some money and they'll do it again. they're trying to negotiate as to how much they get. >> allstate's ceo tom wilson. we appreciate your time. >> thank you. >>> when we return, we'll have gene ludwig. he will be our special guest. also at the bottom of the h
. >> tom, right after sandy, a couple weeks ago or three weeks eeg y ago you were talking about sandy being twice the size of katrina but the wind speeds weren't as much and it wasn't going to affect all state. did you see christie and cuomo? are those real numbers? is that what they'd like to see from the feds or is it worse than what you thought on november 1st? itz's worse than what we thought out. it will cost us 1 billion 75 doll lars. it is a significant event. it's significant...
172
172
Nov 9, 2012
11/12
by
CNBC
tv
eye 172
favorite 0
quote 0
. >>> flight stats reports that more than 20,000 flights were canceled due to sandy. as a result, analysts projecting the storm could knock upwards of $200 million off of airlines bottom lines and that could mean a further dip for the global airline industry as profits are already expected to be down more than 50% year over year. that's according to the international air transport association. for more on business travel new, head to to roadwarrior.cnbc.com. . up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels,
. >>> flight stats reports that more than 20,000 flights were canceled due to sandy. as a result, analysts projecting the storm could knock upwards of $200 million off of airlines bottom lines and that could mean a further dip for the global airline industry as profits are already expected to be down more than 50% year over year. that's according to the international air transport association. for more on business travel new, head to to roadwarrior.cnbc.com. . up. a short word that's a...
228
228
Jul 25, 2012
07/12
by
CNBC
tv
eye 228
favorite 0
quote 0
sandy weill is downsizing. he got rid of the plane and penthouse, selling that for $88 million last year and now he is selling the yacht for $59 million but so far there are no takers. weill told me i think simpler is better. spending more time in their home in california. focuses more on fill lant pi rather than spending. sit part of the new larger life view that bigger is not always better. >> very interesting stuff there. i guess with time and experience that your mentality changes. that certainly was not the case when he was in big business. >> he said look, i'm getting older. the kids are getting older. your life view changes and now he wants a simple life. >> thank you so much. let's get more of tomorrow's actions tonight. 30 seconds on the clock. our guests will tell us what they think will move the markets tomorrow. >> stephanie, we pick it up with you. what do you want to watch tomorrow? >> three companies that are reporting earnings. ipaper is the larger paper manufacturer. the guy tans is going be co
sandy weill is downsizing. he got rid of the plane and penthouse, selling that for $88 million last year and now he is selling the yacht for $59 million but so far there are no takers. weill told me i think simpler is better. spending more time in their home in california. focuses more on fill lant pi rather than spending. sit part of the new larger life view that bigger is not always better. >> very interesting stuff there. i guess with time and experience that your mentality changes....
148
148
Sep 13, 2013
09/13
by
CNBC
tv
eye 148
favorite 0
quote 0
obviously this area all just rebuilt after sandy. businesses struggling to get on their feet, weighed down, obviously, from a year ago because of the sort of shortened summer season. and now they've got to start rebuilding all over again and the headaches and the issues they're going to be dealing with just boggle the mind. back to you. >> scott, thank you very much again. that's scott cohen, and we will be checking in with him throughout the day. >>> coming up, could twitter have a growth problem? it's the big question. raising the question as twitter prepares for an ipo and we're going to speak to him in the next hour. and then the global market perspective from gary parr the financial crisis five years later and where he sees opportunities in every corner of that crisis. we're going to have him in 8:40 a.m. ♪ ♪ hey lady! noooo! no! [ tires screech ] ♪ nooo! nooo! nooo! hey lady, that's diesel! i know. ♪ ♪ i love having a free checked bag with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ dela
obviously this area all just rebuilt after sandy. businesses struggling to get on their feet, weighed down, obviously, from a year ago because of the sort of shortened summer season. and now they've got to start rebuilding all over again and the headaches and the issues they're going to be dealing with just boggle the mind. back to you. >> scott, thank you very much again. that's scott cohen, and we will be checking in with him throughout the day. >>> coming up, could twitter...
198
198
Oct 29, 2012
10/12
by
CNBC
tv
eye 198
favorite 0
quote 0
>> no, we better talk sandy i think. >> okay. sandy effect on the vote is entirely speculative. there are a lot of people yakking about it, but mostly making stuff up. i'll go to a couple things. first of all, obama is believed to have a somewhat more extensive ground game, he has more people on the ground. so in theory, he has more to disrupt. the president's schedule has him doing more events that will have to be canceled than romney. on the other hand, because romney is down a field goal and needs something to happen, the idea that sandy could flereeze things in place for a few days is not necessarily good for him because he had momentum after the first debate. the momentum seems to have died out. it's left him in a very competitive position. he could win the election. but he may need a little bit of push by the end. and then the other thing that people talk about is the idea that president obama can showrd shal leadership and he's helping people, using fema and other tools of the administration. i'm kind of skeptical of that because i think people understand that that's a pr
>> no, we better talk sandy i think. >> okay. sandy effect on the vote is entirely speculative. there are a lot of people yakking about it, but mostly making stuff up. i'll go to a couple things. first of all, obama is believed to have a somewhat more extensive ground game, he has more people on the ground. so in theory, he has more to disrupt. the president's schedule has him doing more events that will have to be canceled than romney. on the other hand, because romney is down a...
228
228
Nov 1, 2012
11/12
by
CNBC
tv
eye 228
favorite 0
quote 0
the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was not a hurricane when it hit new york shores. that's a big deal for a lot of home and businesses. >> wow. lot of time there's wind versus flood, they parse the difference. >> wind versus water. >> and some of the hurricane deductibles were 1% to 5% of the value of the home so that's he a big deal and issue. residents in new york city are without power, tensions are starting to run high. residents are struggling to fuel their cars and get to work. scott cohn joins us from lower manhattan. >> reporter: hi, becky. here we are in water street in the financia
the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was...
256
256
Feb 11, 2014
02/14
by
CNBC
tv
eye 256
favorite 0
quote 0
that upset sandy. >> >> there was a dinner. petty things. >> sandy was jealous of how good he was. >> mon and black were sworn enemies. as a goodwill gesture, black danced with mon's wife. but mon didn't reciprocate. >> the end of glass steagall, apologies to jamie, wins the game. >> whether you think it's a good thing or bad thing that happened. i'm not going to wait for this conversation. it changed the way bank iing -- >> i think we glossed over sandy weill in the early '80s when i was a stockbroker. he rolled up about six things before he did that. >> if you have extra room i would put jamie on that list because of what he did in a post sort of 2007, '08, '09 period and what that means. if you're looking at the full 25 years -- >> i think sandy wins. if we're picking the top 25 -- >> jamie's on the list. >> right. >> you have to view it in the prism of a financial crisis. one guy contributed to it and another guy kind of contributed getting out of it. >> that's why this is not about -- that's the interesting part about this
that upset sandy. >> >> there was a dinner. petty things. >> sandy was jealous of how good he was. >> mon and black were sworn enemies. as a goodwill gesture, black danced with mon's wife. but mon didn't reciprocate. >> the end of glass steagall, apologies to jamie, wins the game. >> whether you think it's a good thing or bad thing that happened. i'm not going to wait for this conversation. it changed the way bank iing -- >> i think we glossed over...
211
211
Nov 30, 2012
11/12
by
CNBC
tv
eye 211
favorite 0
quote 0
and a lot of companies were saying it was just superstorm sandy. it shut down the stores in some cases or kept consumers at bay. how do you think we will fare to the holidays? >> yesterday was big day for retail. those that roar yesterday, genuinely speaking had poor numbers. we knew it was the hurricane. we knew it would be weak. you know. it was supposed to be adjusted in the expectations. numbers came in way below expectations. some of the stocks got hammered, macy's, kohl's. we are trying to make sense of what that means. we when you go through each retailer in the numbers, really the first half -- businesses really slowed. first two weeks. anything we think of, not the hurricane itself. must have been the concern, you know, about the hurricane and people watching tv. people focused on that. also, you know, with the election people focused on that. you know. so the first two weeks are weak. last two weeks seem to come back and be fairly decent. >> so you think that for the holiday shopping season, that the -- better trend will continue? where d
and a lot of companies were saying it was just superstorm sandy. it shut down the stores in some cases or kept consumers at bay. how do you think we will fare to the holidays? >> yesterday was big day for retail. those that roar yesterday, genuinely speaking had poor numbers. we knew it was the hurricane. we knew it would be weak. you know. it was supposed to be adjusted in the expectations. numbers came in way below expectations. some of the stocks got hammered, macy's, kohl's. we are...
278
278
Jan 22, 2013
01/13
by
CNBC
tv
eye 278
favorite 0
quote 0
we had something from sandy in the numbers. the overall numbers ended up being pretty much where we expected them to be. wireless margins were a little bit lighter than expected. but they added more smart phones than we forecast. you trade those off and they came in roughly in line. when you include the impact of sandy, they were pretty much in line with expectations. >> this is a situation where it's more iphones than you expected is that good news or bad news? >> in the longer-term, higher smart phone rates are good news because they drive higher roi customers tend to be stickier. there's higher up front costs associated with them. looks like mainly in the quarter the number of customers switching to become smart phone customers wasn't just existing smart phone customers upgraded more rapidly. it's existing nonsmart phone customers moved to smart phones. >> maybe that's good news. right now the stock is trading down 2%. would you recommend people buy it as a result? >> equal weight on the stock. i think there's some upside to
we had something from sandy in the numbers. the overall numbers ended up being pretty much where we expected them to be. wireless margins were a little bit lighter than expected. but they added more smart phones than we forecast. you trade those off and they came in roughly in line. when you include the impact of sandy, they were pretty much in line with expectations. >> this is a situation where it's more iphones than you expected is that good news or bad news? >> in the...
269
269
Nov 8, 2012
11/12
by
CNBC
tv
eye 269
favorite 0
quote 0
there was snow, but nothing like sandy. we'll ask what it means for the energy market and consumers when we return. >>> the east coast got hit by another storm yesterday. while gas lines have eased up from hurricane sandy, motorists are still having trouble getting fuel in the hardest hit as you build a retail station, you could build in the wiring. all in all, while it's an expense, you can build it in to the base of the business if that's a standard for everybody. but if you don't make it a standard for everybody, then only a few will go out and do it and it won't help anything. >> sounds like regulation. but then i heard that there was regulation -- >> what's the cost, though? what's the pre-cost wire? >> you're probably less than $10,000 if you include the generator said. so it's not a huge cost, but this is a marginal business. >> we talked to the guy who represents the convenience stores that sell something like 75% or 80% of all the gasoline in this country and he said most of those convenience stores really make pen
there was snow, but nothing like sandy. we'll ask what it means for the energy market and consumers when we return. >>> the east coast got hit by another storm yesterday. while gas lines have eased up from hurricane sandy, motorists are still having trouble getting fuel in the hardest hit as you build a retail station, you could build in the wiring. all in all, while it's an expense, you can build it in to the base of the business if that's a standard for everybody. but if you don't...
332
332
Nov 6, 2012
11/12
by
CNBC
tv
eye 332
favorite 0
quote 0
so with have the air mattresses because of sandy and we might as well keep them. >> it will very likely be a long night by just about any count. not expect to go have a proce i projected winner by 7:00 p.m. >> you can take part following our coverage on twitter,@cnbc 2012. >> let's get a check on the markets. yesterday you did see the dow close hire by about 19 points. this morning the futures are indicated higher once again. right now dow futures up by about 43 points. s&p 500 futures and nasdaq slightly higher, as well. and it's the same story in europe. we have seen modest gains there through the course of the morning. right now you see that in france, the cac up by about 0.7%. and germany, the dax up by 5.6%. same story with the ftse in london. in asia, the nikkei closed down modestly by about a third of a percentage point. you saw modest declines in honk c congre kong and shanghai. still very long gasoline lines in new jersey and new york where it's very difficult to get any gas at all. you can see right now that wti is up about 49 cents to $86.14. the ten year, interesting to watc
so with have the air mattresses because of sandy and we might as well keep them. >> it will very likely be a long night by just about any count. not expect to go have a proce i projected winner by 7:00 p.m. >> you can take part following our coverage on twitter,@cnbc 2012. >> let's get a check on the markets. yesterday you did see the dow close hire by about 19 points. this morning the futures are indicated higher once again. right now dow futures up by about 43 points....
206
206
Dec 4, 2012
12/12
by
CNBC
tv
eye 206
favorite 0
quote 0
of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private sector. that's a big jobs -- it might be hurricane related, but it could also be cliff related. there's these two things just backing up what joe said, folks, we've got enough to worry about without the stuff that we could probably fix and move on, there's enough going on. you can see that we're going to be substantially below the six-month average that we've been running there. and that shows that, you know, we were not robust to begin with, and this is why guys at the fed are concerned about things like this. if you're going 3% or 4% gdp, you have
of sandy jobless claims relative to katrina. if we don't have that chart -- there it is, great. it goes up and now we're in the down. it may pop back. but the trouble is that the big surge there is probably in the week of -- or is going to affect the week of the employment survey. >> the last week. >> and now, guys, if you have the next one back there, i don't know if you have it, you can see there what we show there is we're looking for only 80,000 jobs on friday. 95 in the private...
231
231
Oct 29, 2012
10/12
by
CNBC
tv
eye 231
favorite 0
quote 0
hurricane sandy slamming into the east coast. winds are picking up and the rain is coming towards the new york city area. thousands have been evacuated from low lying areas. u.s. stock and option markets will be closed today and possibly tomorrow. bond markets will remain open until noon. and stocks are weaker across europe with the u.s. calling off equity trading. more worries about a rescue deal for spain. it's monday, october 29th, 2012. "squawk box" begins right now.
hurricane sandy slamming into the east coast. winds are picking up and the rain is coming towards the new york city area. thousands have been evacuated from low lying areas. u.s. stock and option markets will be closed today and possibly tomorrow. bond markets will remain open until noon. and stocks are weaker across europe with the u.s. calling off equity trading. more worries about a rescue deal for spain. it's monday, october 29th, 2012. "squawk box" begins right now.
263
263
Dec 11, 2019
12/19
by
CNBC
tv
eye 263
favorite 0
quote 1
during the time he was working sandy wile, they kept talking before we get done we'll get to a 15 multiple with this, they ended up merging with citigroup. in this particular case in the 1960s when the economy was pretty good and rates were rising, the multiples on these banks went into the 15 to 17 world. they've been stuck at a 12 multiple at best and remember how hated these businesses were. >> right. >> now 90 million millennials have not been liability customers of the banks and one of the most profitable things the bank does is make those loans so, yes, it could correct temporarily but then of course when it gets done doing that over the next five years, you might go back to this and have a lot of fun in the process. >> bill, thank you >> thank you. >> appreciate it i'm going to do this smiley face with -- >> i don't know -- >> you have to change the -- >> i'm just learning how to use this thing >> oh. >> wrong one >> we've got to go >> terrific. >> you didn't like my usmca. there you go did you see -- >> sorkin, did you see "the irishman"? >> not only did i look at my clock, i watch
during the time he was working sandy wile, they kept talking before we get done we'll get to a 15 multiple with this, they ended up merging with citigroup. in this particular case in the 1960s when the economy was pretty good and rates were rising, the multiples on these banks went into the 15 to 17 world. they've been stuck at a 12 multiple at best and remember how hated these businesses were. >> right. >> now 90 million millennials have not been liability customers of the banks...
163
163
Apr 8, 2013
04/13
by
CNBC
tv
eye 163
favorite 0
quote 0
hurricane sandy, now turn around it's time to start taking a look at the next hurricane season. we've had sort of two back to back big storms in the northeast which is really unusual. it's statistically unusual. >> and this one has been a tough one to recover from. >> weren't there three and 54? >> yes. >> three huge ones twice as big in '53. >> but we have not seen al gore's -- what was that, 2005? the one that was going the happen again and is again and again. that has not happened. >> no. >> the frequency has been even less than what you would expect. >> what we're seeing now is related to short-term -- or i should say medium term phenomenon. >> exactly. >> temperatures, el nino, so we've seen this sort of short-term increase in storms. so the last three years, we've had 19 storms. this year, we're expecting 16. >> is that a lot? >> it's above the average, right. >> the other thing we're looking at is for the storms to continue to be following the same kind of track that we've seen the last few years. >> coming right back up the coast here? >> yeah. but the odds of that happe
hurricane sandy, now turn around it's time to start taking a look at the next hurricane season. we've had sort of two back to back big storms in the northeast which is really unusual. it's statistically unusual. >> and this one has been a tough one to recover from. >> weren't there three and 54? >> yes. >> three huge ones twice as big in '53. >> but we have not seen al gore's -- what was that, 2005? the one that was going the happen again and is again and again....
195
195
Feb 7, 2013
02/13
by
CNBC
tv
eye 195
favorite 0
quote 0
i think the problem is, that if you look at what sandy had to say and i have a lot of respect for sandy, but i think that if you followed sandy's path and you broke up the banks in some fashion or other, as he's describing, the risk isn't going to go away. the systemic risk, the too big to fail risk will move from one place to another place. for example, if you could curtail what the banks can do in terms of trading, it isn't that the trading is going to go away. you have a large global economy that needs those activities but they'll go to other platforms. i think the real question is, are there ways to deal with the risk? and there's dodd-frank on the totality, there's basel iii. it's interesting, basel iii which are higher capital requ e requirements, regulators are backing off because they're afraid they're going to restrict lending. tim geithner probably had the best answer at all when he said the answer to systemic risk which is what you're talking about, too big to fail, is capital, capital, capital. the problem is, as basel iii people are finding right now, when you increase your
i think the problem is, that if you look at what sandy had to say and i have a lot of respect for sandy, but i think that if you followed sandy's path and you broke up the banks in some fashion or other, as he's describing, the risk isn't going to go away. the systemic risk, the too big to fail risk will move from one place to another place. for example, if you could curtail what the banks can do in terms of trading, it isn't that the trading is going to go away. you have a large global economy...
153
153
Jan 9, 2013
01/13
by
CNBC
tv
eye 153
favorite 0
quote 0
bloomberg says vote for obama because of sandy. at this point, it's hard to -- i can't counter every -- it's almost like superstition, almost like throwing salt over your shoulder. let's go to number 6. number 6 on your list is china. you think the new administration is going to root out corruption. >> root out is a little strong. nothat would be a surprise. >> root out is probably a little strong. corruption is a problem there. i think they're going to deal with corruption because there's more transparency in china than there's ever been before. >> more pressure. >> a fair amount of pressure. >> that changes then what? in terms of the market. >> the chinese economy has done all righer last three years but the market has not. the surprise in that one is the chinese market, the shares appreciate 20%, that's the surprise. >> to politics, washington, number 5, surprise. you say the republicans will reverse their position and make a major effort to become leaders on immigration policy. explain. >> okay. the hispanic population of this
bloomberg says vote for obama because of sandy. at this point, it's hard to -- i can't counter every -- it's almost like superstition, almost like throwing salt over your shoulder. let's go to number 6. number 6 on your list is china. you think the new administration is going to root out corruption. >> root out is a little strong. nothat would be a surprise. >> root out is probably a little strong. corruption is a problem there. i think they're going to deal with corruption because...
185
185
Feb 4, 2014
02/14
by
CNBC
tv
eye 185
favorite 0
quote 0
let's check in with sandy cutler, chairman, the chairman and ceo. the 21 chief executives i want you to invest with from "get rich carefully." mr. cutler, welcome back to "mad money." >> thanks, jim. good to be with you tonight. >> so sandy, the stock got hit today. i understand because we're so used to excellent margin improvement from eaton. but i know that there were things including auto which had true margin misses. how much is one off, how much can we expect will go away by year end? >> you're right, jim. we had a great quarter with two issues i'd like to chat with you about tonight. first of all, the overall sales were up 28%. our profits were up 60% and free cash flow is up 27%. by any measure a very strong quarter. but there were two issues i think that were on the minds of investors. the first is that we finished the acquisition accounting for cooper that you mentioned, $13 billion acquisition. that led to four cents higher corporate costs and a 14 cent tax -- better tax rate than we anticipated. so about ten positive cents. i think people
let's check in with sandy cutler, chairman, the chairman and ceo. the 21 chief executives i want you to invest with from "get rich carefully." mr. cutler, welcome back to "mad money." >> thanks, jim. good to be with you tonight. >> so sandy, the stock got hit today. i understand because we're so used to excellent margin improvement from eaton. but i know that there were things including auto which had true margin misses. how much is one off, how much can we...
138
138
Oct 30, 2014
10/14
by
CNBC
tv
eye 138
favorite 0
quote 0
governor chris christie holding a press conference on superstorm sandy anniversary. here's how the governor responded to a heckler. >> i'll be more than happy to have a debate with you, guy. somebody like you who doesn't know a damn thing about what you're talking about except when the cameras here are. i've been here when the cameras aren't here and done the work. you want the conversation later, i'm happy to have it, buddy. until that time, sit down and shut up. >> and everything's viewed through the prism of how you feel. i love it and love him. everybody's going to have a different viewpoint of what it was. i love seeing that. he's not a politician. he doesn't care. sure i would have liked to have said the same thing to the guy. i didn't even like the way the guy looked like from behind. >> i don't know how it plays broadly. >> i don't either. >> saying sit down and shut up. >> just for me. andrew -- >> i liked it. i mean, there's something authentic about it. >> good. we're agreeing on more and more things. >> the only thing you worry about is whether that authe
governor chris christie holding a press conference on superstorm sandy anniversary. here's how the governor responded to a heckler. >> i'll be more than happy to have a debate with you, guy. somebody like you who doesn't know a damn thing about what you're talking about except when the cameras here are. i've been here when the cameras aren't here and done the work. you want the conversation later, i'm happy to have it, buddy. until that time, sit down and shut up. >> and...
262
262
Nov 8, 2012
11/12
by
CNBC
tv
eye 262
favorite 0
quote 0
about an october surprise, hurricane sandy, super storm sandy, perhaps filling that role this year. but in china, a similar surprise in the emergence of the figure here who is now if anything seen as orchestrating perhaps a transition that will be less reformist and how do you expect that to comply indicate u.s. china relations from here? >> in terms of the chinese equivalent of the october surprise, i would actually argue that they've had surprise after surprise after surprise throughout the year. we have to remember the earlier stories about the possible senior position on the standing committee, their leadership. and of course given the events earlier this year vis-a-vis his wife allegedly killing a british businessman, the level of corruption, he was dismissed from the party and is now jailed. so there's been quite a few surprises in what is normally a very well structured process into the chinese transition. in terms of the u.s. china rlgs ship, in a broad sense, i don't anticipate much of a change. the interconnectedness between the u.s. and china is so great that neither coun
about an october surprise, hurricane sandy, super storm sandy, perhaps filling that role this year. but in china, a similar surprise in the emergence of the figure here who is now if anything seen as orchestrating perhaps a transition that will be less reformist and how do you expect that to comply indicate u.s. china relations from here? >> in terms of the chinese equivalent of the october surprise, i would actually argue that they've had surprise after surprise after surprise throughout...
208
208
Aug 16, 2012
08/12
by
CNBC
tv
eye 208
favorite 0
quote 0
second place i think sandy let jamie go for just this reason, sandy's not a speculator and dimon is. >> can we go back to gekko for a minute? >> no. >> very different, we showed the clip, famous iconic speech, greed is good, 1987. this is coming the up in the presidential election, in are mr's bam mitt romney's background, but is greed good? is what mitt romney did good for the economy? do we want more of that? >> it's neither good nor bad. i did that and made money for myself and from my partners and so on. it was fine. i don't think it hurt anyone, but on the other hand, it's not particularly good either. it's a method. >> are you confusing greed with a profit incentive, seriously? are you questioning whether the profit incentive has been a positive force for good over the years? >> when mitt romney was at bain, the whole idea was let's streamline the companies, move the jobs overseas. >> greed means you're taking more, greed is a totally different things than a profit incentive. that's that he a low determinant, henry, you know that. >> gekko's point in the speech this is a fat, s
second place i think sandy let jamie go for just this reason, sandy's not a speculator and dimon is. >> can we go back to gekko for a minute? >> no. >> very different, we showed the clip, famous iconic speech, greed is good, 1987. this is coming the up in the presidential election, in are mr's bam mitt romney's background, but is greed good? is what mitt romney did good for the economy? do we want more of that? >> it's neither good nor bad. i did that and made money for...
192
192
Nov 1, 2012
11/12
by
CNBC
tv
eye 192
favorite 0
quote 0
that's largely because of sandy. that's taking out about 300 to 400,000 because of the sales pace would be that much higher if we had not seen sandy the last three days of the month. again, the october sales rate coming in at 14.2 million. maria, back to you. >> all right, phil. thank you so much. good luck finding gasoline if you live in areas hard hit by sandy. we'll show you a very long line at a gas station in new jersey next and talk about how long gasmageddon could last. later, how will tomorrow's key jobs report move your money tomorrow? stick around. back in a moment. ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use, it's the ultimate combination of speed, small size, and lo
that's largely because of sandy. that's taking out about 300 to 400,000 because of the sales pace would be that much higher if we had not seen sandy the last three days of the month. again, the october sales rate coming in at 14.2 million. maria, back to you. >> all right, phil. thank you so much. good luck finding gasoline if you live in areas hard hit by sandy. we'll show you a very long line at a gas station in new jersey next and talk about how long gasmageddon could last. later, how...
63
63
Feb 9, 2021
02/21
by
CNBC
tv
eye 63
favorite 0
quote 0
new york saw it after hurricane sandy where you watched entire segments and sections of the population essentially underwater, right? i think new york and new yorkers are incredibly resilient and powerful people so i'm bullish on the long term of new york i'm bullish on the idea that we can and we should be creating policies that are going to support the most vulnerable and i'm also bullish on the fact that this is going to be a holistic process where there is not one group nor one lane nor one industry that's going to have to be part of the solution. it's going to be every single one of us who are going to roll up our sleeves and find ways of collaborating and coordinating in order to get to a positive solution. >> wes moore, thank you for joining us you've joined us when you first got the job, and i appreciate you being with us today. and all the good work you've done thanks i'll talk to you soon. joe? >> thanks, andrew. >>> coming up, another round of record highs for all three major indices yesterday. this morning the futures are giving back a little, but we'll see. it's early goin
new york saw it after hurricane sandy where you watched entire segments and sections of the population essentially underwater, right? i think new york and new yorkers are incredibly resilient and powerful people so i'm bullish on the long term of new york i'm bullish on the idea that we can and we should be creating policies that are going to support the most vulnerable and i'm also bullish on the fact that this is going to be a holistic process where there is not one group nor one lane nor one...
315
315
May 8, 2018
05/18
by
CNBC
tv
eye 315
favorite 0
quote 3
i thought after sandy hook, where 20 six and seven year olds were slain, this would never happen again. it has happened more than 200 times in 5 years. dianne feinstein and a new generation are leading the fight to pass a new assault weapons ban. say no to the nra and yes to common-sense gun laws. california values senator dianne feinstein get to the new york stock exchange where jim cramer joins us now were you up late did you watch last night are you a fair weather 76ers fan or a real one? >> early game and then philadelphia phillies game 11-0 shut out. they are a half game back. we have not been in it this late in the season for many years. >> it's unbelievable it's like a growth stock in sports and philadelphia right now between villanova, the eagles, the, you know, tomorrow night. tomorrow night is big. all right, jim. >> the first team that comes back from the 0-3 deficit. >> fingers crossed. >> i used to like the celtics. if the facts change -- >> exactly. >> i got to change. >> can we talk comcast >> yeah. let's talk comcast what do you think? >> which is based in philly. >> a
i thought after sandy hook, where 20 six and seven year olds were slain, this would never happen again. it has happened more than 200 times in 5 years. dianne feinstein and a new generation are leading the fight to pass a new assault weapons ban. say no to the nra and yes to common-sense gun laws. california values senator dianne feinstein get to the new york stock exchange where jim cramer joins us now were you up late did you watch last night are you a fair weather 76ers fan or a real one?...
302
302
Nov 21, 2012
11/12
by
CNBC
tv
eye 302
favorite 0
quote 0
this is the hangover effect from hurricane sandy, superstorm sandy. all of the rental car companies, they're gone. they're spoken for. all of the cars. so as a result, if you or somebody who is making last-minute plans and said, well, i'm going to rent a car. good luck, you're not going to be able to get one in the new york/new jersey area and a good chunk of the northeast. >> look for a car pool. how long is that expected to last, phil? >> well, this is what we usually see around thanksgiving. and all of the holidays, you see all the rental car companies, for the most part, not completely sold out, but they fill up. and this year because of sandy, they are sold out. one interesting note, an increase in the number of people taking buses and trains this year in part because of what we're seeing with the rental car companies. >> thank you. we'll check in with you later. >> it's good for tires. >> it is good for tires. you like that. >> well, i like pep boys. >> do you have some? >> i bought it. >> do you have music? >> do we have music? that's it, that'
this is the hangover effect from hurricane sandy, superstorm sandy. all of the rental car companies, they're gone. they're spoken for. all of the cars. so as a result, if you or somebody who is making last-minute plans and said, well, i'm going to rent a car. good luck, you're not going to be able to get one in the new york/new jersey area and a good chunk of the northeast. >> look for a car pool. how long is that expected to last, phil? >> well, this is what we usually see around...
94
94
May 2, 2018
05/18
by
CNBC
tv
eye 94
favorite 0
quote 0
hurricane sandy really woke people up, to showing that we need to invest in this community. i knew having the right partner we could turn this place around. it was only one bank that could finance a project this difficult and this large, and that was citi. preserving affordable housing preserves communities. so we are doing their kitchens and their flooring and their lobbies and the grounds. and the beautification of their homes, giving them pride in where they live, will make this a thriving community once again. ♪ >>> welcome back to "squawk box" live from the nasdaq market site in times square. >> good morning. welcome back take a look at u.s. equity futures at this hour after that better than expected number from apple. the dow looks like it will open higher by 38 points. nasdaq opening higher by 25 points s&p 500 up just marginally some stocks to watch as well, snap's first quarter, evan spiegel's revenue missing forecasts as growth and daily active users came down after the redesign of snapchat's app upset some fans and advertisers. the company acknowledged the plan
hurricane sandy really woke people up, to showing that we need to invest in this community. i knew having the right partner we could turn this place around. it was only one bank that could finance a project this difficult and this large, and that was citi. preserving affordable housing preserves communities. so we are doing their kitchens and their flooring and their lobbies and the grounds. and the beautification of their homes, giving them pride in where they live, will make this a thriving...
225
225
Sep 9, 2015
09/15
by
CNBC
tv
eye 225
favorite 0
quote 0
entire sea port area was damaged during sandy. >> how much you have to spend to do this? >> a lot. we're just finalizing our budgeting on it, but we have to rebuild the pier underneath it and we have to take the building apart and put it back together again. >> what's the margin on something like that compared to doing a restaurant for you? in terms of how do you think about what's the next project to do. >> try to recreate -- you know, we have so many different restaurants and concepts. this one, we're creating something. it's two years away but retail and everything will be -- >> can you ever get to a point where there's too many? >> of course not, no. that's not too many. >> i think also the sea port's celebrated as one of the great destinations for the city. you can see the brooklyn bridge, the statue of liberty back towards the city. what we're really focused on is making the sea port relevant again for new yorkers. and at the center of that is making sure we have the best food offerings. and one of the things that was so appealing about jean-georges is his celebrate
entire sea port area was damaged during sandy. >> how much you have to spend to do this? >> a lot. we're just finalizing our budgeting on it, but we have to rebuild the pier underneath it and we have to take the building apart and put it back together again. >> what's the margin on something like that compared to doing a restaurant for you? in terms of how do you think about what's the next project to do. >> try to recreate -- you know, we have so many different...
343
343
Jan 4, 2013
01/13
by
CNBC
tv
eye 343
favorite 0
quote 0
you also may get some sandy hiring, hurricane sandy hiring on the other side of this. so those are some of the reasons for optimism on the other side the nfid numbers, the small business numbers have not been good. they weren't good inside adp and they weren't good for the nfib report. so those are reasons for pessimism. right now i think the street is looking for 160, and maybe a little bit more given the adp numb number. >> how about you, steve, what are you looking for? >> i think 160, 170 seems about right. we did 146 last time around. i don't expect the government to be losing too many jobs this time around. i'm looking for that to kind of add, we've had a huge decline in state and local employment. i'm hoping that that's sort of come to an end here. what i'm a little bit confused about is manufacturing. because the ism manufacturing numbers look like they were pretty good. but inside adp, they were negative. so i'm confused. the other thing i'm confused about is you had this kind of lackluster capital spending. capital spending and jobs usually go together pretty
you also may get some sandy hiring, hurricane sandy hiring on the other side of this. so those are some of the reasons for optimism on the other side the nfid numbers, the small business numbers have not been good. they weren't good inside adp and they weren't good for the nfib report. so those are reasons for pessimism. right now i think the street is looking for 160, and maybe a little bit more given the adp numb number. >> how about you, steve, what are you looking for? >> i...
214
214
Apr 28, 2015
04/15
by
CNBC
tv
eye 214
favorite 0
quote 0
sandy. ♪ ♪ meet chris jackie joe. minor damage or major disaster, when you need us most, we're there. state farm. we're a force of nature, too. ♪ ♪ >>> welcome back to squawk box. in global news today people in kathmandu spent another night outside. the death toll reached above 4300 from saturday's quake. the prime minister says the number could reach 3,000. nepal is still experiencing what must be horrifically frightening after shocks and, in fact one of the people that were told it was two minutes. the original quake was 2 minutes. they said it seemed like it was forever. but two minutes is -- you know -- >> there was one out in california -- i can't remember -- 1987. i guess it was maybe a minute. but the fear that you have as it's rolling -- you think that it's going to just accelerate into just -- and then it finally does stop and then the after shocks start but two minutes of a 7.8 and you know it's a scale so a 7.8 is ten times stronger than a 6.8 which is ten times stronger than a 5.8. the whole thing is f
sandy. ♪ ♪ meet chris jackie joe. minor damage or major disaster, when you need us most, we're there. state farm. we're a force of nature, too. ♪ ♪ >>> welcome back to squawk box. in global news today people in kathmandu spent another night outside. the death toll reached above 4300 from saturday's quake. the prime minister says the number could reach 3,000. nepal is still experiencing what must be horrifically frightening after shocks and, in fact one of the people that were...
182
182
Apr 16, 2014
04/14
by
CNBC
tv
eye 182
favorite 0
quote 0
. >> that was because of sandy. >> it lasted eight months. and -- >> here the only thing i would say in this. he was also appointed by the u.n. secretary general as a special envoy for climate change. and i just hope that this doesn't take away any of the time that he can devote to solving global warming. >> i know you don't believe -- >> i hope he's not spread too thin. and then you've got the, you know, the 32 ounce drinks, too. that has reared its ugly head again, too. god knows how many deaths that's causing. >> to the gun control issue, to the extent -- >> guns is something, i don't really weigh in on this. i don't weigh in on other social events either. >> i like mayor bloomberg's quote at the end of the piece. >> this was on what he thinks he's done on gun control, obesity and smoking cessation. >> he says i'm telling you if there is a god, when i get to heaven i'm not going to be stopped to be interviewed. i'm heading straight in. i've earned my place in heaven. it's not even close. >> we all have different views on who deserves to ge
. >> that was because of sandy. >> it lasted eight months. and -- >> here the only thing i would say in this. he was also appointed by the u.n. secretary general as a special envoy for climate change. and i just hope that this doesn't take away any of the time that he can devote to solving global warming. >> i know you don't believe -- >> i hope he's not spread too thin. and then you've got the, you know, the 32 ounce drinks, too. that has reared its ugly head...